Bates & Company
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Retirement Plan Documents Specialist Loren D. Stark Company
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Retirement, LLC
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Pentegra
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Retirement, LLC
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Jr Retirement Plan Administrator/ Administrative Assistant Hochheiser Deutsch & Co, Inc.
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Carpenter Morse Group
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Employee Benefits and Executive Compensation Associate Attorney Verrill
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Trucker Huss, A Professional Corporation
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Retirement Plan Administrator (TPA) Retirement Plan Consultants
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Compass Retirement Consulting Group, Inc.
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Retirement Plan Legal Specialist Pentegra
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Retirement Plan Relationship Manager ERISA Services, Inc.
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Question 236: Wife owns 100% of Corporation A. She, her husband, and two unrelated individuals each own 25% of Corporation B. Is there any type of controlled group situation here, such as brother-sister? Do we assume the husband and wife together own an identical interest in both corporations of over 50%, because they each are considered to own the other spouse's interest in each corporation? |
Answer: No, you are misunderstanding the attribution rules. |
Answers are provided as general guidance on the subjects covered in the question and are not provided as legal advice to the questioner or to readers. Any legal issues should be reviewed by your legal counsel to apply the law to the particular facts of this and similar situations.
The law in this area changes frequently. Answers are believed to be correct as of the posting dates shown. The completeness or accuracy of a particular answer may be affected by changes in the law (statutes, regulations, rulings, court decisions, etc.) that occur after the date on which a particular Q&A is posted.
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